Decarbonizing Blockchain


Carbon Grid Protocol creates an economic framework to reward blockchain networks and DApps for offsetting their carbon footprint

Leveraging the rising blockchain-enabled economy,
we aim to unlock the potential for blockchain networks and DApps
to become major new players in the vast untapped global market for carbon credits.



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Revolutionary technology but at the expense of the environment

Did you know that each bitcoin transaction in Crazy Time game requires the same amount of energy used to power nine homes in the US for a day? Or that each Bitcoin and Ethereum transaction emits 60kg and 10kg of carbon dioxide respectively. These compared to just 0.3grams of carbon dioxide being emitted for each VISA transaction*.


Bitcoin mining and the environment

*Based on data collected on: October 24, 2017 by South Pole Group as part of the Climate Ledger Initiative.

While Bitcoin and Ethereum have enabled us to perform tasks and create a trustless environment
for many practices today, it has been at a cost.

Carbon Grid Protocol will help solve this problem by introducing
tradable carbon credits backed by crypto-economic incentives to the blockchain ecosystem

Carbon Credits – the world’s answer to climate change that is now broken.

Carbon credits were created as an incentive for businesses and governments to adopt carbon-friendly business practices, with the aim of being the mechanism to balance the world’s carbon footprint. While it has grown to become a $52bn market, it has evolved to become limited by intermediaries. This results in a lack of market access for carbon credits.

Lack of public awareness

Carbon credits remain largely unknown to the public as a solution to combat climate change. In addition, for those who are aware of it, the access to channels to participate or purchase carbon credits it not easily accessible.


Reasons why it is not taking off
Highly centralized market

The demand-side of carbon market is largely dominated by brokers and funds. Project developers often have to rely on having relationships with these intermediaries to promote their project to end-buyers.


Snapshot of the carbon market in 2017
Lack of transparency and accountability

There is currently a lack of accountability to track the sources of carbon credits bought. The use of the distributed ledger will help provide the layer of provenance needed in the market.


Corruption present in the carbon market

The Size of the Carbon Market
Do these matter?

"Climate change is now affecting every country on every continent. It is disrupting national economies and affecting lives, costing people, communities and countries dearly today and even more tomorrow.

People are experiencing the significant impacts of climate change, which include changing weather patterns, rising sea level, and more extreme weather events. The greenhouse gas emissions from human activities are driving climate change and continue to rise. They are now at their highest levels in history. Without action, the world’s average surface temperature is projected to rise over the 21st century and is likely to surpass 3 degrees Celsius this century—with some areas of the world expected to warm even more. The poorest and most vulnerable people are being affected the most.

But climate change is a global challenge that does not respect national borders. Emissions anywhere affect people everywhere. It is an issue that requires solutions that need to be coordinated at the international level and it requires international cooperation to help developing countries move toward a low-carbon economy."

Due to existing structural market inefficiencies, up to 85% of the potential value in carbon credit trading remains unrealised. The value of this enormous untapped carbon asset pool can only be unlocked by radically increasing buyer-side awareness, accessability and demand.

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Carbon Grid Protocol:
bridging blockchain networks with the carbon credits market

Carbon Grid Protocol (CGRID) is designed as a complementary protocol layer enabling blockchain networks & DApps to efficiently access carbon credits to offset their carbon footprint. Our CGRID token dynamics will also provide compelling economic incentives for market participants to achieve and maintain carbon neutrality. Our ultimate goal is to promote the widespread adoption of carbon credits in blockchain as a valuable and readily tradable asset class.

Features of CGRID network

Community-driven governance

As the governance model, reputable parties in the green sector will be appointed as authority nodes to validate transactions on the Carbon Grid protocol. Community members can also be part of the voting committee by staking CGRID tokens.

Use of Gas fees

To also further propagate the goal of encouraging buyers’ demand of the carbon credits part, gas-fees used in the CGRID network will be used to purchase real-world carbon credits.

Access to the carbon market

Enabling DApp developers to have direct access to the carbon market so as to build up buyers’ adoption

Transparent ledger

Creating a provenance layer to provide the traceability for Carbon credits purchased

Roadmap & Milestones

*Project roadmap and timeline is subjected to changes.

In the Media


NEWS

6 August 2018 Carbon Grid Protocol – How to Decarbonize Blockchain

The numbers are staggering. And the Bitcoin maximalists think theirs is the future. Bitcoin’s power consumption is extremely high compared to conventional...

31 July 2018 The Rise of ESG & Sustainable Governance in Blockchain

A changing of the guard is taking place right now, as the Baby Boomer generation moves into retirement and Millennials form a growing proportion of total capital investments...

by NASDAQ
23 July 2018 Turning On Power Disruption

New digital startups and inventors are finding new ways for everyone to enjoy the renewable energy, with nature, data and blockchain shaping the future of the market...

18 July 2018 How the blockchain industry can help lower carbon footprints

The blockchain industry relies on high energy use, but there are ways to prevent further damage.

13 July 2018 Blockchain Energizer – Volume 31

There is a lot of buzz around blockchain technology and its potential to revolutionize a wide range of industries from finance and healthcare to real estate...

16 July 2018 菜鳥拆解 ICO:Carbon Grid Protocol 是什麼?

他們希望成為一個「碳中和世界的數字媒介」,想開發一個碳市場與碳市場之間的區塊鏈網絡,使其透明、全球化和可訪問...

12 July 2018 UN backs reducing cryptocurrencies’ carbon footprint

The UN climate change body is lending its support to a new company that aims to reduce the carbon footprint...

8 July 2018 New Era Energy Works to Slash Crypto Carbon Footprint

The crypto carbon footprint is something to take seriously. Cryptos like Bitcoin and Ethereum are revolutionary 1Win JetX technologies...

05 July 2018 The Startup Aiming to Wipe Out Blockchain’s Carbon Footprint

Does it take a blockchain to get rid of the carbon from other blockchains?...

29 June 2018 Why Carbon Grid Protocol is Unique in Blockchain

Carbon Grid Protocol is going to make blockchain transactions and mining environmentally friendly through their decarbonizing.

2 May 2018 Gaining from sustainability

More than just going green, being sustainable encompasses social and economic aspects that affect an SME's stakeholders and the wider community in which it operates...

05 February 2018 4 Cryptocurrency Trends to Watch in 2018

The virtue of blockchain and cryptocurrency technologies is the flexibility of the distributed ledger they rely on...


Transparent. Global. Accessible.

The digital gateway to the carbon market, with a focus on buyer’s adoption.

Jointly Developed By

Industry Partners

We are collaborating with a range of strategic investors, influencers and thought-leaders in the blockchain ecosystem, carbon credit markets and renewable energy sector. With their help, we aim to drive the active adoption of ground-breaking carbon offset practices for blockchain projects on a global scale.

Investment

Partners

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